When the landmark nuclear deal was signed in 2015 between the world superpowers and Iran, one of the big winners was, of course, Tehran. Billions of dollars, frozen throughout years of economic sanctions, were finally released, providing a much-needed boost to Iran’s failing economy.
Another winner was Boeing. In one of the appendices of the deal, aerospace companies, primarily Boeing and Airbus, were given special permission to start doing business with Iran. Other US firms were still locked out, but Boeing and Airbus were allowed to begin negotiations with Iran, which was in desperate need of new commercial aircraft.
The result was a massive $17 billion deal to supply 80 aircraft to Iran Air, a company long suspected of participating in Tehran’s military airlift to terrorist organizations in Syria as well as Hezbollah in Lebanon, an enemy not just of Israel but also of the United States.
Now, two years later, a fascinating legal battle is taking place behind the scenes with the potential to not only kill Boeing’s multi-billion dollar deal with Iran, but also upend the entire nuclear agreement. It is a story that for the most part has stayed out of the headlines. But recent developments in a courtroom in Chicago...read more at JPost